Mount Carmel Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,068,910 | 1,203,104 | −134,194 | -13.7 | 0% |
| 2013 | 1,078,926 | 1,147,959 | −69,033 | -15.1 | 0% |
| 2014 | 1,096,798 | 1,242,712 | −145,914 | -15.4 | 0% |
| 2015 | 1,174,243 | 1,237,686 | −63,443 | -16.1 | 0% |
| 2016 | 1,275,821 | 1,241,358 | 34,463 | -15.7 | 14% |
| 2017 | 1,139,068 | 1,274,902 | −135,834 | -16.5 | 14% |
| 2018 | 1,144,862 | 1,201,362 | −56,500 | -18.1 | 13% |
| 2019 | 1,160,010 | 1,190,972 | −30,962 | -18.6 | 11% |
| 2020 | 1,183,417 | 1,278,975 | −95,558 | -18.2 | 15% |
| 2021 | 1,218,853 | 1,294,299 | −75,446 | -18.7 | 16% |
| 2022 | 1,226,542 | 1,303,413 | −76,871 | -19.3 | 16% |
| 2023 | 1,187,244 | 1,352,542 | −165,298 | -20.0 | 18% |
| 2024 | 1,251,194 | 1,420,359 | −169,165 | -20.5 | 17% |
In its most recent public year (2024), this organization spent $169,165 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-20.5 months), down from -13.7 in 2012. Staff pay was 17% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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